HomeMy WebLinkAbout1993-02-25 Capital Improvements Advisory Minutes,s
• improvements Advisory ' Subcommittee
MEETING MINUTES
February 25,190].".'
P t" t „ t. : S'; K iii' g , , , , , i-S ;:5 i..i
Mark Huber, Vice Chairmai-i
George Thompson, Secretary
William Murphy
Victor Petri
Peter i'"3%ir, ct t t:ii' r' : N .....I. ki' . Town Manager
The meeting was held in the Town Manager's office at the Reading Town Hall.
The meeting was called to order , :..1» a f«J t.1 p.m-
The minutes the following meetings were reviewed and approved the
indicated vates~~
o February 4,1993 (3-0-1)
o February 18,1993 (4-0-0)
o February 20,1993 (3-0-1)
Im:i+i:ic::t3r'r:3'c:::' Thompson d::s1t^i.~..1'...iI::il.i'r'':,tei1 draft procedures .
r:,,.., t categorizing ritk'i;::r
j:ilr. x. 1.71"'.c iC.:.. i ng capital !«Ia°o_rf:'a{...ts . °'s°i"id•::i Sl.E;::3{::4.73;ima,tt reviewed and discussed the
procedures. practice F ' ~':,t....t^':: ,,_,Z...-: s~:..' was 4 J Z''::, 't,....8V... ....„t j..iI::.i...3 i. i d_i 1.., ~ , the .i " e s .t t«, i..3 .3i m ,d..i test
, t t procedures.
s ;Ts
exercise included "!:_r V ='.:7 hypothetical capital t,:
. .V projects a school ':1 's'
::.'.C:cc.a.t~3"i • and a a.
3.. Y!,t1C.Yfz'.1 truck. .«;.!¢t of Each member fi ,,the Subcommittee
{ ,'1«r r a ,.:.a»..1..r;. using t.£.`, t•.:k1 t r,:.«l,~.,4.5t~: i3'i Subcommittee
x".11'i.c..t..»t.a. h::: »irs;t
to review the draft procedures and b e prepared t o make revisions fs,.;i... .~_h next meeting.
t { ie Subcommittee discussed <::i ><«1~.Y.3»...i.7...i,''t t;•.: f t:',iii€Y'1 ka:i .d.Jn
»..i'1a I'mt°i t_1^.'i"al
projects. Subcommittee ,;v._1. that in times ? ...rv The _ d" fiscal constraint there
;::1 great tendency !.:••1 significantly reduce capital spending and maintenance o°,.
capital assets. Although this approach d,::an resolve annual budget
shortfalls, it L:.,,::tn t:::•:?...,.......,: l1.::+i-7+::J1:::. term problems,,
2 next meetings was scheduled for 000 tr s p.m. on ; March 4,1993 in . aff
Manager's office at the Reading Town Hall.
The meeting t:ad:., t<..n e FeT at 8:30 p 1'''"' a
WSARCOLvely Submitted,
! r, i i"i ?dYi!::S'•7('i